02/02/2014
https://www.congress.gov...
"I understand ways in which it is more effective than a payday loan, but what I do not understand is your statement about how this is not a payday loan."
"I think it is a positive thing that we charge half of what a payday lender charges."
"Good. Thank you very much, Mr. Wright."
"But you feel like you have adequate authority. You do not need any additional authority to do it. You just need the resources."